Utility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.
Second test of the 200 dma for the utilities and what comes next ?
Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ?
Utilities are notoriously defensive stocks held as last resort for safety and yield
My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness...
A Mean-Reversion Play
Power generators like NRG and PNW have been quite beaten down lately, mostly because of surging oil and natural gas prices as we head into winter. NRG is .8 standard deviations below its mean, with 82% upside to its median price multiple of the last 3 years. PNW is currently trading about 3 standard deviations below where it usually trades...
SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo.
1. Candles near strong support.
2. RSI Oversold.
3. MACD on its down side. Flashing black and may be losing its recent downtrend momentum.
4.Previous High isn't broken. However, I do see that...
Guidance & Growth
NRG is reaffirming its guidance range for 2021 with respect to Adjusted EBITDA, Adjusted Cash from Operations and Free Cash Flow before Growth Investments (FCFbG) which excludes the full year impact of Winter Storm Uri. NRG's FCFbG for the six months ended June 30, 2021 was $768 million.
NRG has a very compelling value proposition, a...
Southern Company is itself a holding organization who owns all of the Common Stock for Alabama Power, Georgia Power, Mississippi Power, and Southern Gas; all of which are publically operating utilities. Southern’s other holdings include Natural Gas Distribution, Marketing, Wholesale services, and pipeline investments.
***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.***
Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term...
The Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in...
The Healthcare sector and Utilities sector - here represented by the S&P Health Care Index (S5HLTH, in blue) and Dow Jones Utility Average (DJU, in purple) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... except perhaps for DJU falling from a peak in Jan 2015, and in Dec 2017.
Defensives have been outperforming the S&P 500 since March. If you believe the outperformance will continue, then now might be the time to buy, as they are approaching the support line.
I'm particularly watching utilities. In addition to being a classic defensive sector, utilities also have "growth" potential. They had a...
The potential of the coin is amazing. We have a weekly stoch RSI cross forming. Weekly stoch RSI is a very powerful signal.
ANKR current statistics
- Ranked #97
- Already on Coinbase & Binance
- Ankr marketcap is 750 Million
- 6,996,232,711 out of 10,000,000,000 circulating supply
Lets compare marketcaps...
Vechain is worth $8 Billion
Matic is worth $12...
GE General Electric looks bullish with this continuation pattern. We can see a 2 falling wedges within a falling wedge. Check out my Youtube Page for more details on the markets I covered GE recently in a video. The fundamentals look pretty solid as well this one should do well short and long term.